Answer:
$511.5
Step-by-step explanation:
Given: Selling price of bike at Danny´s shop is $550
Bike is sold 7% less at competitor´s shop.
Lets find the discounted amount at Danny´s competitor shop.
∴ [tex]\frac{7}{100} \times 550 = \$ 38.5[/tex]
Now, finding the cost of bike at Danny´s competitor.
Cost of bike at Danny´competitor= [tex](\textrm{Price at dannys shop - discount provided by competitor})[/tex]
Cost of bike at Danny´s competitor= [tex]550-38.5= \$511.5[/tex]
∴ Cost of bike at Danny´s competitor is $511.5.
